SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth
Hybrid
Direct
Children
NAV: ₹ 30.2 as on 29-09-2023
Fund Performance
298 people have invested ₹ 15.5L in SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth in the last three months
Fund Insights
Over the last 6 months, this fund has experienced a 58.1% growth in AUM moving from 746.91 Cr to 1.18K Cr.
This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 0.94% which is lower than the category average expense ratio of 1.54%.
In the last 1 year, this fund has outperformed all funds in its category.
In the last 3 years, this fund has outperformed all funds in its category.
About the Fund
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth is a hybrid fund. This fund was started on 29 September, 2020. The fund is managed by Mohit Jain, Dinesh Ahuja, Rama Srinivasan. This fund gives you the benefit of diversification.
Key Parameters
- SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has ₹1181 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.9.
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth Overview
 | 0.94% |
 Benchmark | CRISIL Hybrid 35+65 - Agg TR INR |
 | ₹1181 Cr |
 | 29 September, 2020 |
 | ₹5000/₹500 |
 Exit Load | 3% |
 | 5 Years |
 TurnOver | 93.92% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
34.5%
Small cap
29.3%
Mid cap
18%
Sector Allocation
Financial Services
40.1%
Communication
17.2%
Basic Materials
11.4%
Consumer Defensive
10.5%
Consumer Cyclical
9.6%
Health
5.2%
Tech
4%
Industrial
2.2%
Top Holdings of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth as on (31-Aug-23)
Equity Holdings29
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Alphabet Inc Class A | 5.24% | 0% | |
 Dodla Dairy Ltd | 4.4% | 0% | |
 Divi's Laboratories Ltd | 4.26% | 0% | |
 HDFC Bank Ltd | 4.25% | 0% | |
 Archean Chemical Industries Ltd | 3.98% | 0% |
See all
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 1.2K Cr as of Aug'23
- AUM increased by 61.9 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth Fund Manager
Mohit Jain
Fund Manager of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth, since 29 September 2020
Top funds managed
Dinesh Ahuja
Fund Manager of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth, since 29 September 2020
Top funds managed
Rama Srinivasan
Fund Manager of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth, since 29 September 2020
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 44.52% since inception which is more than its category average return of 12.2%
Fund Allocations
This fund has an allocation of 85.25% in Equity, 0.85% in Debt and 13.9% in Cash related instruments
AUM size ₹1181 Cr
This fund has AUM of ₹1181 Cr which is less than its category average of ₹ 1439 Cr
Expense Ratio 0.94%
This fund has an expense ratio of 0.94% which is less than its category average expense ratio of 1.75%
Frequently Asked Questions
The current NAV of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth is ₹30.16 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.02% | 1.02% |
6 Month Returns | 24.18% | 24.18% |
1 Year Returns | 25.31% | 25.31% |
3 Years Returns | 201.6% | 44.48% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.94% as on August 2023
₹1181 Cr as on August 2023
Alphabet Inc Class A(5.24%), Dodla Dairy Ltd(4.4%), Divi's Laboratories Ltd(4.26%), HDFC Bank Ltd(4.25%), Archean Chemical Industries Ltd(3.98%) as on August 2023
Financial Services(34.14%), Communication(14.63%), Cash Equivalent(13.9%) as on August 2023
AAA | 100 |
Mohit Jain, Dinesh Ahuja, Rama Srinivasan are the fund managers of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth
The Exit load of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth is 3%